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Technology Stocks : Lodgenet Entertainment -- Ignore unavailable to you. Want to Upgrade?

To: Rick Iavecchia who wrote (1)	11/29/1997 1:19:00 PM
From: DanZ	Read Replies (1) \| Respond to of 79

I bought 4000 shares of LNET a few weeks ago; 2500 at 11 3/4 on Nov 7 and 1500 at 11 3/8 on Nov 11. I tried to buy 2500 at 11 3/8 but only got filled on 1500 and then the stock moved up. The stock showed up on one of my scans based on technical indicators and I liked the chart. On a short term basis, LNET has support at 11 1/2 and resistance at 14 1/4. My plan was to trade out of it between 13 1/2 and 14, but I decided to hold on when it got there because I liked the longer term chart and I can't find many charts that look better than LNET at this time. I thought about selling LNET and buying more of my current holdings, but I didn't want to have too much concentration in my other positions. If LNET breaks 14 1/4 on a closing basis, then I would increase my target to 16 3/4 to 18. A lot of stocks have very poor looking charts right now and LNET is one of the few that I follow that has good relative strength and a bullish chart pattern. FWIW, somebody bought 35,000 shares of LNET on Nov 14 at 12 3/4 that pushed the stock up to the 13 area and it followed through the next day up to 14 1/2. Do you know what price the president paid for his stock? The only problem that I have with this stock is the low volume on many days. This makes for wide spreads and a lot of uncertainty when you place an order to sell 4000 shares. While not a large order, it is large for a stock with low volume and you can move the bid when you try to sell. I think more money will begin to move into stocks like LNET because so many other issues are behaving poorly. An increase in volume would be good for this stock because I think there are very few sellers out there and a few bids would likely push the stock through resistance. Best of luck to you. I hope the activity picks up on this thread and in the stock. Dan